The Fuel Price Committee of the United Arab Emirates (UAE) has set new prices for gasoline and diesel fuel, which will go into effect on August 1, 2023. There has been a price rise of up to 6.9 percent for Super 98, Special 95, E-Plus 91, and Diesel.
Super 98 will now cost AED 3.14 per liter, up from AED 3 in July. The price of a liter of Special 95 has increased to AED 3.02 from AED 2.89. Diesel will now be AED 2.95 per liter, up from AED 2.76, and E-Plus 91 will be AED 2.95 per liter, up from AED 2.81.
A breakdown of fuel price increases is provided below:
| Fuel Type | Price per Liter in August/2023 | Price per Liter in July/2023 | % Increase from July |
| Super 98 | AED 3.14 | AED 3 | 4.7% |
| Special 95 | AED 3.02 | AED 2.89 | 4.5% |
| E-Plus 91 | AED 2.95 | AED 2.81 | 5% |
| Diesel | AED 2.95 | AED 2.76 | 6.9% |
Explaining the UAE’s Methods for Setting Gasoline Prices
The UAE government maintained long periods of price stability for fuel prior to 2015. Because of this, costs were not factored into the price structure.
Fuel prices in the United Arab Emirates (UAE) were market-determined in 2015, meaning they were subject to fluctuations due to factors such as supply and demand, the price of crude oil, and the overall state of the economy.
The UAE government chose to rein down fuel costs in 2020, at the commencement of the COVID-19 epidemic, to help its citizens and companies weather the storm.
The United Arab Emirates decided in March 2021 to allow fuel prices to once again be set by market forces, thus deregulating them.
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